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Greenbrier unit to cut production, affect 400 workers

AJOT | June 06, 2010 | Breakbulk & Projects

Railroad equipment supplier Greenbrier Cos said its unit Gunderson LLC would cut production rates at its marine barge operation due to uncertainties in the marine market, affecting close to 400 employees. Increased market uncertainty due in part to the oi Read More »

MLL wins US Navy prepositioning operation and maintenance contract

AJOT | June 06, 2010 | Breakbulk & Projects

Maersk Line, Limited (MLL) has been awarded a contract for the operation and maintenance of ten ships in the U.S. Navy Military Sealift Command's (MSC) Maritime Prepositioning Force. MLL will provide personnel and mariners, operational and technical suppo Read More »

Russia rail freight up 12.7% in May

AJOT | June 06, 2010 | Breakbulk & Projects

Russian rail freight -- a key indicator of broader economic health -- rose 12.7 percent in May from a year earlier, as companies were shipping more coal, metal and cement amid continued economic recovery from recession. Read More »

C.A.T.T.  from Tunisia delivers heavy load for cement plant

AJOT | June 06, 2010 | Breakbulk & Projects

CEE members C.A.T.T from Tunisia recently handled the transport of one 153 ton ferrule with dimensions of 16 m x 7m from the port of Sousse to the Polysius Cement plant at Rouisset-Kairouan - Tunisia. Read More »

Port Corpus Christi creates a Communications Department

AJOT | June 06, 2010 | Ports & Terminals

Port Corpus Christi has reinvented itself in the last 10 years. As the Port continues its role as the economic engine of the Coastal Bend and become a more diverse gateway to the world, the restructure of the marketing and communications efforts is paramo Read More »

Saudi Ports says privatization plan ready

AJOT | June 06, 2010 | Ports & Terminals

Saudi Arabia plans to create an independent firm that will manage the kingdom's eight ports under a gradual privatization process, the state-run Saudi Ports Authority said.

The authority has completed privatisation studies of the ports, which Read More »

South Africa’s Transnet says coal rail target on track

AJOT | June 06, 2010 | Ports & Terminals

South African logistics group Transnet has continued with plans to rail 65 million tons of export coal this year despite a three week strike that crippled ports and railways, its acting chief executive said.

"We still believe and are planning Read More »

Port Manatee earns four communication awards

AJOT | June 06, 2010 | Ports & Terminals

Port Manatee has earned four top marketing and communications awards from the Transportation Marketing and Communications Association (TMCA) and the Hermes Creative Awards.

Port Manatee’s 2010 Official Directory was honored with an Award of M Read More »

APM Terminals and Shanghai International Port Group expand close business relationship to Europe

AJOT | June 06, 2010 | Ports & Terminals

APM Terminals and Shanghai International Port Group (SIPG) have finalized an agreement for SIPG to acquire a 25% share of APM Terminals Zeebrugge for EUR 27.16 million (USD $33.7 million) in a ceremony in Shanghai on Friday, May 28 presided over by the Sh Read More »

Ningbo port plans $1.9 blllion Shanghai IPO

AJOT | June 06, 2010 | Ports & Terminals

Ningbo Port Co plans to raise about 13.25 billion yuan ($1.9 billion) in mainland China's second largest IPO this year, braving a weak Chinese stock market that has dropped nearly 20 percent since mid-April, mainly due to official property-cooling steps. Read More »

Port Metro Vancouver and CN enter into supply chain collaboration agreement

AJOT | June 06, 2010 | Ports & Terminals

Port Metro Vancouver and CN announced a supply chain collaboration agreement to drive further efficiencies at the port and recognize the importance of balanced accountability. Read More »

Caterpillar to buy maker of railroad locomotives

AJOT | June 06, 2010 | Intermodal

Caterpillar Inc agreed to buy a U.S. maker of railroad locomotives for $820 million in cash, expanding its rail business from service into new engine manufacturing. Read More »

ATA Truck tonnage index increased 0.9% in April

AJOT | June 06, 2010 | Intermodal

The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased for the sixth time in the last seven months, gaining another 0.9 percent in April. This followed a 0.4 percent increase in March. The latest impr Read More »

BMO starts CN Rail, CP Rail with market perform rating

AJOT | June 06, 2010 | Intermodal

BMO Capital Markets started coverage of Canadian National Railway Co and Canadian Pacific Railway Ltd with "market perform" rating, and said the companies' margin growth opportunities remain high.

CN Rail, Canada's biggest railway, would bene Read More »

Container futures to be cleared in weeks

AJOT | June 06, 2010 | Intermodal

The first cleared container freight derivatives contract is set to be traded in the coming weeks in a major development for the nascent market, a broker with shipping services group Clarksons said.

Freight derivatives allow a buyer to take a Read More »

Florida East Coast Railway announces Hertwig joins as CEO

AJOT | June 06, 2010 | Intermodal

Florida East Coast Railway has announced that James Hertwig will become President and CEO of the Company effective July 1, 2010. Read More »

Russia steel baron eyes First Freight stake

AJOT | June 06, 2010 | Intermodal

Vladimr Lisin, the owner and chairman of Novolipetsk Steel , wants to buy a strategic stake in First Freight Co, Russia's second-largest rail freight operator, two sources told Reuters.

Lisin, ranked Russia's richest man by Forbes magazine, i Read More »

Trucker YRC sees May gains; stock split upcoming

AJOT | June 06, 2010 | Intermodal

Troubled trucking company YRC Worldwide is on the road to recovery, according to its Chairman Bill Zollars, who said operations improved in May and were expected to gain more ground in the coming months.

After a brush with bankruptcy last yea Read More »

Brazil’s trade surplus widens in May on exports

AJOT | June 06, 2010 | International Trade

Brazil's May trade surplus came in above forecasts and widened from a year ago, as exports grew faster than imports.

Brazil posted a trade surplus of $3.443 billion in May, compared with a previously-reported surplus of $1.28 billion in Apri Read More »

EU says exporters face persistent trade barriers

AJOT | June 06, 2010 | International Trade

The European Union faces persistent barriers to free trade from some of its most important partners, despite a gradual improvement in the global economy, the EU executive said in a report released. Read More »

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